Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama
Zero Hedge ^ | 8-21-13 | Michael Snyder

Posted on 08/21/2013 5:27:31 PM PDT by RKBA Democrat

click here to read article


Navigation: use the links below to view more comments.
first previous 1-5051-94 last
To: RKBA Democrat

Folks, I hate to pour water on the Obamadonk here, because he deserves to be trashed. Fact is, and a lot of us don’t want to admit it, but Senior Buuuush increased jobs by only 0.83% during his two terms. Traditionally up through 2001, it would have been around 15.5% for two terms.

We’ve seen no real growth since 2001. We are 40 million under employed in the nation right now. We are running a 22.8% unemployment. We have another 25% or so who are underemployed, making nowhere what they used to.

Lets hear it for Free Trade. Anyone for three cheers?


51 posted on 08/21/2013 7:33:18 PM PDT by DoughtyOne (This post coming to you today, from behind the Camelskin Curtain. Not the Iron or Bamboo Curtain...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sequoyah101

Less than $30,000 a year ... that’s me. It’s a shame that I had to give up being home with my kids, bust my hump in a factory 40+ hours per week, all joints and body parts are wearing out ... for less than $30,000 a year.

It’s one of the better places to work around here ... full-time, steady, with benefits including health insurance, which we needed.


52 posted on 08/21/2013 7:44:12 PM PDT by Cloverfarm (This too shall pass ...)
[ Post Reply | Private Reply | To 33 | View Replies]

To: madprof98

Is the dog’s name really “Sunny”, just a mispronounced “Sunni”?


53 posted on 08/21/2013 7:45:33 PM PDT by Cololeo
[ Post Reply | Private Reply | To 2 | View Replies]

To: RKBA Democrat
Great article, and it finishes so very strong. The last ten points are (with a some exceptions) the most critical...

#23 In 2008, that total amount of student loan debt in this country was 440 billion dollars. At this point, it has shot up to about a trillion dollars.

#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.

#25 During Obama's first term, the number of Americans collecting federal disability insurance rose

by more than 18 percent.

#26 The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.

#27 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#28 As I wrote about the other day, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.

#29 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.

#30 At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds. Today, Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark.

#31 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.

#32 During Obama's first term, the federal government accumulated more new debt than it did under the first 42 U.S presidents combined.

#33 When you break it down, the amount of new debt accumulated by the U.S. government during Obama's first term comes to approximately $50,521 for every single household in the United States. Are you able to pay your share?

Okay, if you counted, above are the last eleven points. # 23 just belonged.

.

54 posted on 08/21/2013 7:46:22 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cololeo

LOL!


55 posted on 08/21/2013 7:47:34 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
[ Post Reply | Private Reply | To 53 | View Replies]

To: RKBA Democrat

56 posted on 08/21/2013 7:48:05 PM PDT by Route395
[ Post Reply | Private Reply | To 1 | View Replies]

To: RKBA Democrat
Yeah, but see, Bush screwed everything up so bad that, well, it's going to take FOREVER to make it right. 0bama might need three or four more terms to get it done.

BTW - I've seen posts on DU(I) that blame REAGAN for a lot of our current economic problems.

57 posted on 08/21/2013 7:54:16 PM PDT by Hardastarboard (Buck Off, Bronco Bama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Chickensoup

I used cloth diapers too, couldn’t get my daughters to use them for the grandkids though. The price of the cloth diapers is out of sight too but at least you don’t have to keep buying them every week.


58 posted on 08/21/2013 7:56:37 PM PDT by Tammy8 (~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
[ Post Reply | Private Reply | To 10 | View Replies]

To: NFHale

without a middle class there can be no chance of overthrow. that’s why we all have to be turned into the poor.


59 posted on 08/21/2013 8:08:22 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: RKBA Democrat

Placemark


60 posted on 08/21/2013 8:24:23 PM PDT by Fantasywriter
[ Post Reply | Private Reply | To 1 | View Replies]

To: DoughtyOne

“Lets hear it for Free Trade. Anyone for three cheers?”

Right. Many states are still union thug states. But don’t let facts get in the way of your arguments!


61 posted on 08/21/2013 8:29:19 PM PDT by JCBreckenridge
[ Post Reply | Private Reply | To 51 | View Replies]

To: goodwithagun
Yep...grocery prices have definitely increased since 2008....but, no worries, there's no inflation!!

If ANY of these dreadful numbers in the economy were happening under a Repub Prez...you'd be hearing about it non-stop, 24/7. Not with the Marxist media covering for the regime.

62 posted on 08/21/2013 8:38:43 PM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs stay silent.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Jane Long

That 64 ounce container of Orange Juice... oh wait... it’s 59 ounces now....


63 posted on 08/21/2013 8:42:10 PM PDT by GeronL
[ Post Reply | Private Reply | To 62 | View Replies]

To: RKBA Democrat

And the enemedia continues to put lipstick on the pig .... the economy & Obysmal.


64 posted on 08/21/2013 8:46:32 PM PDT by MissMagnolia (You see, truth always resides wherever brave men still have ammunition. I pick truth. (John Ransom))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cloverfarm

I respect you for your ethics. At least you have benefits.


65 posted on 08/21/2013 9:06:00 PM PDT by Sequoyah101
[ Post Reply | Private Reply | To 52 | View Replies]

To: All

Wait until SS goes under or payments are greatly reduced.


66 posted on 08/21/2013 9:18:23 PM PDT by Rodney Dangerfield (Ask the MSM about Christopher Newsom and Channon Christian. Observe the subsequent blank stares.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: Chickensoup

I looked on Forbes and it appears he was worth 20 billion in 2008 and is now worth 24 billion in 2013. He also gives huge sums of money to causes he supports (far left).

4 billion is not chump change. One can make a great argument that Obama has been good to Soros. The rest of us? Not so much.


67 posted on 08/21/2013 9:42:22 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
[ Post Reply | Private Reply | To 11 | View Replies]

To: goodwithagun

@ post 14 - great points across the board.

I have seen two trends since 2008. Most of the things I buy are much more expensive per quantity (groceries, gas, nails, etc) and the biggest asset I have is worth less.

Best of all worlds, eh? We have a huge garden and lots of canning jars also. Orchard will take another few years, but it will be a nice one with plenty of variety. If we can keep the bees alive we should get about 8-10 gallons of honey a year.

Might look crazy now and awfully smart when it counts. Good thing I don’t care what others think.


68 posted on 08/21/2013 9:50:49 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
[ Post Reply | Private Reply | To 14 | View Replies]

To: RKBA Democrat

bflr


69 posted on 08/21/2013 9:57:39 PM PDT by 444Flyer (How long O LORD? Psalm 112)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks RKBA Democrat.

The Obama Tax Hike

to go with

The Obama Recession


70 posted on 08/22/2013 3:55:06 AM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
[ Post Reply | Private Reply | View Replies]

To: Secret Agent Man

I get that. Completely. I’ve studied these bastards and their tactics for years.

Turned into poor, disarmed, demoralized, disenfranchised - feel free to add adjectives.


71 posted on 08/22/2013 4:50:47 AM PDT by NFHale (The Second Amendment - By Any Means Necessary.)
[ Post Reply | Private Reply | To 59 | View Replies]

To: Secret Agent Man
It also means destroying the middle class, where the heart of the country is - the people that actually get things done. Make things. Move things. Build things. Service things. Repair things. Keep things moving.

Precisely. The middle class is in a desperate race with the president.

72 posted on 08/22/2013 5:30:39 AM PDT by IncPen (When you start talking about what we 'should' have, you've made the case for the Second Amendment)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Huskrrrr

Scarily enough, RINOs and Bernanke keep priming money and political points into his Obamaness.


73 posted on 08/22/2013 6:39:51 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Cololeo

No, it’s “Bo,” named after his initials. Perfectly in character with his ego.


74 posted on 08/22/2013 7:05:24 AM PDT by Berosus (I wish I had as much faith in God as liberals have in government.)
[ Post Reply | Private Reply | To 53 | View Replies]

To: RKBA Democrat
# 2

Image Hosted by ImageShack.us

75 posted on 08/22/2013 9:37:55 AM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Huskrrrr

Most of the drones, as Mark Levin would call them, usually respond, “yeah, but just think how bad things would’ve been were it not for Obama, who pulled us from the brink!”


76 posted on 08/22/2013 11:39:53 AM PDT by mellow velo (Oxymorons: jumbo shrimp, rap music, liberal think-tank)
[ Post Reply | Private Reply | To 3 | View Replies]

To: goodwithagun
We’re in the middle of an addition and remodel and we found some stuff packed away in dipe boxes from 2008. There were more dipes per box than in today’s box. Price up, quantity down in five short years. Wipes are about the same price, but the quantity has been cut in half.

It's shocking how fast the packages are shrinking AND the quality of some items are deteriorating. I've been buying the same brand socks for years, a name brand. It seems like each time I stock up again, they are thinner than the previous time. I know I'm not imagining it because I found an old package stored away in an un-used dresser. The quality of that package, from probably 10 years ago, was SO much better than the single-use socks I get now.
77 posted on 08/22/2013 12:28:26 PM PDT by yorkiemom
[ Post Reply | Private Reply | To 8 | View Replies]

To: RKBA Democrat
Ahhh. A canner! So tell me, do you think it’s worth the time? Would you get a pressure cooker setup or just stick with the hot water bath? Who has the best deal on jars? I’m thinking about taking it up.

I've found that I just love canning. I started with a bit of reluctance, but after the first batch of successfully canned chicken that I could just set on a shelf - I found it to be very rewarding.

I'd go ahead and spend the extra on a pressure canner. You can use that to do water bath canning too, but since it does both, you won't have more appliances to store. Or buy.

I buy meat on sale and then can it as an easy way to store it (or when my freezer is full). Many people can things from their garden, but since I have a brown thumb other than the basil that is taking over, I haven't done that yet. Would love to someday! I jsut called some bacon (although not an FDA-approved thing to do).

I get jars at Winco when they have them. They are much cheaper in the fall and winter (off-season times for canning), about $8.50/12 quart jars. I've seen them as high as $10.50 though in the summer. Our Walmart's prices are a bit higher and they seldom have more than one case, if even that. Your area will vary, of course.

I've found it's a hobby I've gotten addicted to. I love the symmetrical lines of jars in my hall closet. Someday, when I get a root cellar/basement and can grow a garden, the lines of beautifully-colored jars will make me very happy.
78 posted on 08/22/2013 12:54:01 PM PDT by yorkiemom
[ Post Reply | Private Reply | To 19 | View Replies]

To: Aria
And once the baby is out of diapers, they make the best dust cloths ever.

I still have some from 20 years ago. They are getting thread-bare now, but are still probably better quality than those I'd purchase now!
79 posted on 08/22/2013 12:55:41 PM PDT by yorkiemom
[ Post Reply | Private Reply | To 30 | View Replies]

To: yorkiemom
And once the baby is out of diapers, they make the best dust cloths ever.

The baby or the diaper?

80 posted on 08/22/2013 12:56:36 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 79 | View Replies]

To: volunbeer

How goes the beekeeping?

Will they survive in most climates or only certain parts of the country?

I would LOVE to have some bees (and their honey) when we get our farm settled into.


81 posted on 08/22/2013 1:02:55 PM PDT by yorkiemom
[ Post Reply | Private Reply | To 68 | View Replies]

To: central_va

LOL!


82 posted on 08/22/2013 1:04:19 PM PDT by yorkiemom
[ Post Reply | Private Reply | To 80 | View Replies]

To: RKBA Democrat

83 posted on 08/22/2013 2:27:15 PM PDT by djf (Rich widows: My Bitcoin address is... 1ETDmR4GDjwmc9rUEQnfB1gAnk6WLmd3n6)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JCBreckenridge

Take a look at China.

Take a look at the U. S.

When you scrape the crap off your windshield, perhaps you’ll see a little clearer ace.

You lost this argument twenty years ago, when the U. S. decided to go all in, and we now have 40 million people out of work.

I guess that’s lost on you.


84 posted on 08/22/2013 3:10:25 PM PDT by DoughtyOne (This post coming to you today, from behind the Camelskin Curtain. Not the Iron or Bamboo Curtain...)
[ Post Reply | Private Reply | To 61 | View Replies]

To: yorkiemom; volunbeer

So we have some beekeepers, eh? Join the club.

Bees can theoretically survive most places, except where it’s extremely cold. Like central Alaska cold. They’re kept in Anchorage where it’s a bit warmer, although it’s not easy.

Mine are currently protesting their varroa treatment. I think they’ll get over it. Although the girls in my ornery hive hit me about 5-6 times in the process.


85 posted on 08/22/2013 3:56:12 PM PDT by RKBA Democrat (Power disintegrates when people withdraw their obedience and support)
[ Post Reply | Private Reply | To 81 | View Replies]

To: yorkiemom; RKBA Democrat

Ours will survive if you leave them enough food (leave at least two more frames of honey than you think they will need) and it get’s pretty cold here - Eastern WA/North Idaho. Lots of folks bring them inside or put them in a barn that stays above freezing.

The main problem we are having with one of our hives this year is the Western Meat Yellowjackets the government released to combat the pine beetles. They are swarming everything including one of our hives.


86 posted on 08/22/2013 7:25:26 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
[ Post Reply | Private Reply | To 81 | View Replies]

To: DoughtyOne

“You lost this argument twenty years ago, when the U. S. decided to go all in, and we now have 40 million people out of work.”

you really think that China is doing better than the US? China is doomed.

You’re aware that the average Chinese person is older than the US, and that their labor costs are through the roof?


87 posted on 08/22/2013 8:17:15 PM PDT by JCBreckenridge
[ Post Reply | Private Reply | To 84 | View Replies]

To: JCBreckenridge

Okay, then the standard of living went up in the U. S. over the last twenty years, and it went down in China.

Thanks for the enlightenment.

Sheesh!


88 posted on 08/22/2013 8:20:40 PM PDT by DoughtyOne (This post coming to you today, from behind the Camelskin Curtain. Not the Iron or Bamboo Curtain...)
[ Post Reply | Private Reply | To 87 | View Replies]

To: DoughtyOne

Chinese standard of living has probably peaked and is still, much lower than the United States.


89 posted on 08/22/2013 8:44:31 PM PDT by JCBreckenridge
[ Post Reply | Private Reply | To 88 | View Replies]

To: RKBA Democrat

bkmk


90 posted on 08/24/2013 9:06:14 PM PDT by AllAmericanGirl44 ('Hey citizen, what's in YOUR closet?')
[ Post Reply | Private Reply | To 1 | View Replies]

To: madprof98

Bump


91 posted on 08/24/2013 9:58:18 PM PDT by citizen (We get the government we choose. America either voted for Obama or handed it to him by not voting.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Secret Agent Man

On target...as per Agenda 21


92 posted on 08/24/2013 10:00:52 PM PDT by Captain7seas (Fire Jane Lubchenco and John Pistole.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: yorkiemom; RKBA Democrat; goodwithagun; volunbeer

Tattler re-usable canning lids, and a Wreck electric canner. Tough-to-beat combination.


93 posted on 08/25/2013 7:58:46 PM PDT by packrat01 (I USED TO BE gruntled.)
[ Post Reply | Private Reply | To 78 | View Replies]

To: packrat01

Re-usable canning lids? Neat - never heard of ‘em. Will do some goggling.


94 posted on 08/25/2013 11:07:21 PM PDT by yorkiemom
[ Post Reply | Private Reply | To 93 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-5051-94 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson